NORMS AND TRENDS IN EXPENSES ITI
average are in the Northwest, Southwest, and West; those with
ratios markedly lower are in the East. Districts with ratios most
closely conforming to those for the country are Richmond and
Chicago.
Trends
1. Comparing 1919 with 1925, the trend in the amounts of
salaries and wages for each $1,000 of earning assets was upward
in each of the separate districts, and in all of the districts
combined.
2. Year-to-year increases between 1919 and 1922 occurred in
every district except three (Chicago and Minneapolis between
1919 and 1920, and New York between 1921 and 1922). Be-
tween 1922 and 1923 all districts showed a decrease. The change,
except for three districts, was upward between 1923 and 1924
and generally downward between 1924 and 1925.
3. Similarity of trends as between separate districts, and be-
tween individual and all districts are far more common than are
differences.
(2) Ratios of Interest on Deposits to Earning Assets
For each $1,000 of earning assets, all member banks for the
combined Federal Reserve districts, for the period 1919 to 1925,
TABLE 77
RATIOS OF INTEREST ON DEPOSITS PER $1,000 OF EARNING ASSETS
IN ALL MEMBER BANKS, FEDERAL RESERVE SYSTEM, BY
YEARS AND BY FEDERAL RESERVE DISTRICTS
Sy
FepERAL RESERVE DISTRICTS
Average
{All Districts)
Boston. ...
New York.
Philadelphir
Cleveland. .
Richmond.
Atlanta....
Chicago. ..
St. Louis. .... ..
Minneapolis... ..
Kansas City... wt i
Dallas......................
San Francisco. .... .........
Ratios or INT-~=sT ON DEPOSITS PER ®r 600 OF EARNING ASSETS
\verag: . -
{1919-1910 ! 1920 | 1021 | 1922
102%)
10.70
18 100
17.8%
18.01 ' 20.17
20.27 ' 21.00
| 27 62
20.36
19.62
36
17.69
18.96
15.50
20.07
cc
17.67
18.61
14.01
v.32
20.26
19.26
16.74
20
r<
20.77
20.46
17.60
12.28
Tar
20.57
19.66
17.70
22.30
1” of
o o£
21.04
20. 3€
18.7:
2. -
12.71
19.04
19.05
24.91
30.34
19.97
31.83
20.61
25.56
23.37
3%
24.61
ap
,~
~
15.2
20. 86
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16.10
wy
id.
ro 68
re
20.
15.0.
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17.44
21.42
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21.04
